Aiming at the structuring characteristics of thin disc workpiece, we propose the weight removing model and control methods to reduce the mass unbalance vector. Based on the material removing and correcting principle for unbalance workpiece, the weight removing model of drilling and reaming hole way and internal and external arc milling is discussed. The iterative control method with variable weight removing rate is proposed to reduce the weight removing material of the first-time correction and improve the ultimate correcting accuracy. The online measuring and correcting feasibility for unbalance workpiece is verified by experimental way. The advantages of the proposed iterative control method are discussed by simulation analysis. The research results can be used for the online correction of the unbalance disc workpiece on the NC machine tools or automatic dynamic balancing machine.